ITC has signed a share purchase agreement with Sunrise Foods Private Limited to acquire the spices company with strong presence in Eastern India.

FMCG and cigarettes major ITC moved 7 percent and closed Rs 189 after the company announced that it has resumed supplying of cigarettes as the government has eased lockdowns.

Market analyst Mitesh Thakkar has suggested two BUY Calls and Two SELL calls for today’s trading session. Indian markets are expected to open weak today as US markets closed low on Wednesday.

Market analyst Sudarshan Sukhani has suggested BUY Calls for Exide Industries, IGL, Marico and Colgate for traders.

Axis Securities suggests medium term BUY for FMCG major Britannia Industries. Invest around Rs 2700 - 2800 for target price of Rs 3035 as per analysis shared by Axis Securities.

The 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.